How do I use the auto loan calculator?

Enter your vehicle price, down payment amount, interest rate (APR), and desired loan term in months. Click 'Calculate Payment' to see your estimated monthly payment. The calculator is based on 30 days to first payment and does not include applicable tax, title, license, or other fees.

Does using the calculator affect my credit score?

No, using our auto loan calculator does not impact your credit score. It's a free tool to help you plan your car financing without any credit check.

What factors affect my monthly car payment?

Your monthly payment is determined by four main factors: the vehicle price (loan amount), your down payment, the annual percentage rate (APR), and the loan term length in months. A higher down payment and lower interest rate will result in lower monthly payments.

What is a good interest rate for a car loan?

Interest rates vary based on credit score, loan term, and market conditions. Rates can range from 3-5% for excellent credit to 15-20% or higher for bad credit. Our calculator lets you test different rates to see how they impact your payment.

Should I choose a shorter or longer car loan term?

Shorter terms (24-36 months) have higher monthly payments but significantly less total interest paid. Medium terms (48-60 months) balance affordable payments with manageable interest. Longer terms (72-84 months) have the lowest monthly payments but cost the most in interest over time. Choose the shortest term you can afford comfortably.

How much should I put down on a car loan?

Financial experts recommend putting down at least 10-20% of the vehicle's purchase price. For a $20,000 car, that's $2,000-$4,000. A larger down payment lowers your monthly payments, reduces total interest paid, improves approval odds (especially with bad credit), and helps you avoid being underwater on your loan.

Can I get a car loan with bad credit in Oregon?

Yes! Eazy Car Loan specializes in helping Oregon and SW Washington customers secure auto financing, even with bad credit, no credit, bankruptcy, or other credit challenges. While interest rates may be higher than prime rates, approval is possible. Use the calculator to estimate payments at different interest rates based on your credit situation.

Auto Loan Payment Calculator

Estimate your monthly car payment. For planning purposes only.

Vehicle Price

Down Payment

Interest Rate (APR %)

Loan Term (Months)

How It Works

Our free calculator uses standard loan amortization formulas to help you estimate monthly car payments. Simply enter the vehicle price, down payment, interest rate (APR), and loan term to see your estimated payment.

Note: Calculator provides estimates for planning purposes. Actual terms determined by lenders. Does not include taxes, fees, or insurance. Eazy Car Loan connects you with dealerships—we are not a lender.

Frequently Asked Questions

How accurate is this calculator?

Our calculator uses the same standard amortization formula that most lenders use, giving you reliable estimates to help plan your budget. Your actual payment will be confirmed by the lender when you apply.

Will this affect my credit score?

Not at all! You can use this calculator as many times as you'd like with zero impact to your credit score. Only formal loan applications involve credit checks.

What else should I budget for besides the payment?

Your monthly payment covers the loan, but you'll also want to budget for auto insurance, fuel, and occasional maintenance. In Washington, there's also sales tax at purchase, and both Oregon and Washington have registration fees.

Can I get financed with bad credit?

Yes! We work with dealerships throughout Oregon and SW Washington that specialize in helping customers with all types of credit situations. Explore your options or submit an application to see what's available for you.

Ready to Get Started?

Submit an application to connect with dealerships in Oregon and SW Washington.